What does "Free-on-board (FOB)" indicate about product delivery?

The correct understanding of "Free-on-board (FOB)" relates to the transfer of ownership of goods during shipping. When a product is shipped under FOB terms, ownership of the goods transfers from the seller to the buyer at a specified location, typically the seller's shipping point. This means that the seller is responsible for all costs and risks associated with delivering the goods to that point, while the buyer assumes responsibility for the goods once they reach the designated FOB location.

This term is commonly used in shipping to clarify at what point the risk and responsibility for the goods shifts from the seller to the buyer. Therefore, if it states that ownership transfers at the seller's location, it confirms the specific point where the buyer takes on responsibility for the goods, making this answer accurate.

In contrast, the other options reflect different logistics scenarios or responsibilities that do not align with the basic definition of FOB. For instance, transport charges can be a separate consideration and do not inherently determine the point of ownership transfer described by FOB terms.